EURUSD builds support base – Analysis - 24-01-2017
Economies.com
2017-01-24 04:52AM UTC
The EURUSD pair kept its stability above 1.0731 level that forms key support base now, as price leaned well above this level and bounced bullishly to resume its main bullish track, which is organized inside the bullish channel that appears on chart, heading towards our next target at 1.0852.
Therefore, we are waiting for more rise in the upcoming period, supported by the EMA50 that keeps carrying the price from below, noting that holding above 1.0731 represents key condition to continue the bullish momentum for today.
Expected trading range for today is between 1.0700 support and 1.0880 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...